Dow down 720 points as COVID cases rise and stimulus hopes evaporate
The Dow was down 720 points today, or 2.5%, as COVID-19 cases and hospitalizations rose nationwide. At the same time, Americans' hope for a second round of stimulus checks evaporated.
"It looks like the clock’s run out" on a stimulus deal before the election, according to market research firm Fundstrat, and investors have turned pessimistic again.
Among the only stock market winners today is Zoom, up 2.5%, as the company continues to benefits from Americans working from home, while most other industries, including airlines and restaurant chains, struggle. Even tech giants Apple, Microsoft and Alphabet (Google), which have been relatively insulated from the pandemic, are slightly down today.
ABC News' Rebecca Jarvis contributed to this report.